Sunday, March 26, 2023

Fashola justifies huge borrowings by Buhari regime

Mr Fashola assured that the Buhari administration would complete all on-going projects before May 2023.

• August 25, 2022
Babatunde Fashola (credit: BBC)
Babatunde Fashola (Credit: BBC)

Works minister Babatunde Fashola said the humongous borrowings by the President Muhammadu Buhari-led regime is justified by various infrastructure projects undertaken across the country.

Mr Fashola said this in Kano on Thursday during an address at the 28th Annual National Council of Works meeting.

He said on-going projects across the country justified the borrowings, especially when compared with predecessor administrations done with borrowings.

The Buhari administration has been able to use the Petroleum Trust Development Fund (PTDF) for Nigeria in terms of infrastructure, he said.

“The Federal Government has delivered many roads across the six geopolitical zones,’’ the minister stressed.

Mr Fashola assured that the Buhari administration would complete all on-going projects before May 2023.

He noted that Kano State had been an example of an impactful benefit of infrastructure provision.

“In 2022 our contractors were able to employ 1,421 people and they benefited from N45 billion supplies of diesel and sand among others,’’ he said.

In his remarks, Governor Abdullahi Ganduje of Kano State requested the extension of the federal government’s intervention to cover the Kano northern bypass starting from Hadejia Road to Kudiawa, on the Kano-Daura road.

Mr Ganduje commended the Federal Government for executing “gigantic projects’’ across the country. 


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